Lithuanian unemployment dips to 10.3% in July

Lithuania's unemployment rate dipped to 10.3% in July 2012 from 10.4% in June, as the Baltic state braced for slower growth due to the eurozone debt crisis, official data showed on Tuesday, AFP reported, FOCUS News Agency said.

The rate translated into 208,400
jobseekers in the country of three million as of August 1, down from 208,600 a
month earlier, the Lithuanian labour exchange said in a statement.

The jobless rate had stood at 10.2%
in May and 11.1% in April, writes LETA/ELTA.

Future of tomorrows’ economy: incentives for business The future’s economic development will be based on a reduced-to-minimum distance between the supply-demand sides of the production chain. Another change is a shift from economic ownership categories to a “user-ship” one. Business in the Baltics has to see the future trends and accommodate to changes…